Kaltroco and Five V Capital Join Forces to Propel BlastOne's Global Expansion

Investment in BlastOne: A New Chapter of Growth

Kaltroco, a private investment firm, and Five V Capital, a prominent private equity and venture capital company, have announced a significant joint investment in BlastOne, a leading provider of surface preparation solutions. This partnership is poised to enhance BlastOne’s capabilities and expand its global footprint within a market that experiences increasing, long-term demand.

About BlastOne

Founded in the 1970s in Australia, BlastOne has evolved into a key player in the blasting and surface preparation industry, entering the United States market in 2010. The company's unique consultative approach and premium product offerings have allowed it to establish a difficult-to-replicate value proposition. This, combined with high net revenue retention and effective cross-selling among its product categories, solidifies BlastOne's position as a one-stop-shop for blasting and coating needs. The company's extensive experience in infrastructure, defense, and marine sectors positions it well for future growth.

Strategic Importance of the Investment

The investment from Kaltroco and Five V will enable BlastOne to invest further in product development, improve customer experiences, and expand its market presence. With the support of these investment firms, BlastOne aims to maintain its mission, culture, and quality while aggressively pursuing exciting growth opportunities.

Matthew Rowland, CEO of BlastOne, expressed enthusiasm about this partnership, emphasizing the importance of aligning with partners who respect the company's heritage while also catalyzing growth. He stated, "The team at BlastOne could not be more excited about our partnership with Five V and Kaltroco. As a family-owned business for more than 50 years, finding partners who could both honor our Company's distinctive legacy and culture was the perfect fit."

Key Players in the Partnership

Kaltroco and Five V Capital share a commitment to fostering innovative companies and have closely aligned investment philosophies. They bring complementary geographic strengths to this partnership, positioning them uniquely to support BlastOne's increasing global operations. Rhett McCraw, Managing Director at Kaltroco, remarked, "BlastOne's long-standing reputation for quality, innovation, and service excellence made the company an ideal partner for us. We are excited to partner with BlastOne's leadership to accelerate innovation and global expansion."

Five V Capital's Managing Director, Angus Whitehead, echoed these sentiments, noting that their investment aligns with a strategic focus on building internationally competitive businesses. "Together, we'll provide the strategic and financial support needed to unlock the next chapter of BlastOne's growth," he explained.

Legal guidance for this transaction was provided by DLA Piper, with RW Baird serving as the financial advisor to both Kaltroco and Five V Capital.

About Kaltroco and Five V Capital

Kaltroco is based in Jersey, Channel Islands, and operates globally with a focus on business services, healthcare, and consumer sectors. With a flexible investment strategy free from outside pressures, Kaltroco has financed over 30 companies since its inception, always with an emphasis on long-term growth.

In contrast, Five V Capital, headquartered in Australia and New Zealand, manages over $3 billion in funds and emphasizes partnerships with management teams to foster innovative, market-leading companies. They focus on sectors such as financial services, healthcare, technology, and consumer markets, making them well-equipped to support BlastOne's ambitions.

Conclusion

The partnership between Kaltroco, Five V Capital, and BlastOne signifies a noteworthy investment toward enhancing the capabilities of BlastOne while honoring its legacy. As they embark on this journey, both investment firms and BlastOne are poised to explore unprecedented growth in the surface preparation solutions market, driven by innovation, quality, and customer satisfaction.